Five online gaming operators have already applied for licenses to offer online gaming services within a gambling system that is meant for the residents of Nevada.
888 Holdings, Bally Technologies, International Game Technology, and Cantor Gaming have already submitted their application to the Nevada Gaming Control Board. South Point Poker, the fifth operator, has not yet gone through the entire application procedures.
888 Holdings, an online gaming company based in Gibraltar, has applied for a gaming license as 888 US Limited, a publicly traded corporation. The company wants to manufacture, distribute, and be a service provider. Service providers perform the task of maintaining and operating an online poker software platform for a licensed online poker operator.
This March, gambling regulators in Nevada approved an agreement between 888 Holdings subsidiaries and WSOP owners Caesars Entertainment. The first agreement of its kind to be signed by a gaming company licensed in Nevada, it gave Caesars Entertainment the opportunity to run a poker site in UK.
International Game Technology (IGT), which is based in Las Vegas, wants to be a service provider and manufacturer within Nevada. IGT, which produces computerized gambling machines at the international level, purchased a poker network called Entraction, based in Sweden, for over $100 million.
Bally Technology, based in Las Vegas, has applied for a license to manufacture and be a service provider. Another company based in Las Vegas, Cantor Gaming, has applied to become a service provider in Nevada.
South Point Poker, an online poker site belonging to South Point Casino, already offers free games, but wants to offer real money poker. The company has applied to be an online poker operator.
While 888 Holdings, South Point Poker, Bally Technologies, and International Game Technology applied in October, Cantor Gaming applied on May 18, exactly one month before Nevada’s proposal to legalize online poker was approved and made into a law. According to Mark Lipparelli, the chairman of the Nevada Gaming Control Board, the regulatory framework has not yet been finalized, but the board has already begun reviewing the applications.
The draft regulations are scheduled to be finalized at the end of December and a gaming regulators’ meeting has already been convened. A regulatory framework is expected to be finalized by the end of January.
By February, players can expect a legalized online poker room offering real money poker to the poker players of Nevada although this might take longer because of pending software approval and lab testing.